In a statement, the trust said that the facility is made up of a
The trust has been weighing up its options for funding the redemption of its zero dividend preference shares, which are zero coupon securities typically issued by closed-ended investment companies, and decided that the most cost effective and flexible means of doing so would be to increase and extend its current loan package.
"The board is pleased to have secured a facility which will fund the redemption of the ZDPs and believes that the new facility will allow the company to maintain a moderately but flexibly geared structure with the ability to draw its borrowings in multiple currencies and to maintain a fully invested portfolio," the trust said in a statement.
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